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Global Market Study on IoT Sensors: Industrial IoT to
Remain Most Lucrative Application Type During 2017 2026
With IoT sensors proliferating in different types of end-use industries, the
global IoT sensor market is witnessing a huge growth. IoT sensors are deployed
in different end-use industries like the automotive industry and also in the
manufacturing sector. In the manufacturing sector, IoT sensors are used to
reduce the cost of manufacturing, streamline the manufacturing process and
gather data about various machines employed in the manufacturing of goods.
IoT sensors also find application in the implementation and development of
smart cities, where they are used in areas such as traffic management and
monitoring of energy consumption. In addition, IoT sensors also find
application in the healthcare industry, where they are used in the form of
biosensors and implantable sensors to reduce the cost of healthcare and increase
the quality of care provided. IoT sensors are further used in the consumer
electronics sector and are mainly used in smart TVs, refrigerators and airconditioners.
Persistence Market Research presents a new report titled ‘IoT Sensor Market:
Global Industry Analysis 2012-2016 and Forecast 2017-2026,’ which studies
the global IoT sensor market comprehensively and gives out the projections of
this market for a time span of nine years beginning from the year 2017 and
ending in the year 2026. In this report, the important market dynamics of the
global IoT sensor market in the form of drivers, restraints, opportunities and
trends have been studied in detail and this report gives out the value forecast of
the global IoT sensor market. As per the assessment of Persistence Market
Research, the global IoT sensor market was estimated to be valued at nearly
US$ 3,350 Mn at the end of the year 2017 and is projected to reach a value of
nearly US$ 9,900 Mn by the end of the period of assessment in 2026, and in the
process display a CAGR of 12.7% during the period of forecast 2017-2026.
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Pressure Segment by Type Largest in Terms of Revenue
The pressure sub-segment in the type category is the largest segment by value
and is poised to display a CAGR of 13.3% during the period of assessment.
This segment is likely to reach a market valuation of nearly US$ 3,150 Mn by
the end of the period of assessment in the year 2026.
Temperature Segment by Type to Witness the Fastest Growth
The temperature sub-segment in the type category is likely to display the fastest
CAGR of 14.8% during the period of assessment and is poised to reach a
valuation of nearly US$ 2,600 Mn by the end of the year 2026.
Consumer IoT Application Segment to Exhibit the Maximum CAGR
The consumer IoT sub-segment in the applications category of the global IoT
sensor market is anticipated to exhibit the fastest growth rate of 15.8% during
the period of forecast and is likely to reach a valuation of nearly US$ 4,850 Mn
by the end of the year 2026.
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North America Region to Dominate the Global IoT Sensor Market in
Terms of Value
The North America regional market leads the global IoT sensor market and is
likely to exhibit a CAGR of 11.8% during the period of assessment. The North
America IoT sensor market is expected to reach a valuation of nearly US$
3,200 Mn by the end of the period of forecast in 2026.
Competition Landscape of the Global IoT Sensor Market
The important players operating in the global IoT sensor market have been
profiled in the competition landscape section of the report. Some of the featured
companies include Arm Holdings PLC., Xinapse Systems Ltd., NXP
Semiconductors N.V., Texas Instruments Incorporated, Infineon Technologies
AG, Sciencesoft USA Corporation, Te Connectivity Ltd., Toshiba Medical
Systems Corporation, Robert Bosch GmbH, Mirada Medical Limited,
Stmicroelectronics N.V., Analog Devices, Inc., Siemens Healthineers,
Broadcom Limited (Avago) and Invensense, Inc.
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